I am new to the CC world and so far am greatly enjoying all of the benefits associated with responsible use.
I am beginning to learn a lot more factors that can affect credit card score but am still left with several questions that I would love feedback on from people's personal experience/ knowledge.
I have 3 cards in total, all under a year since opened, and each has a different limit/ bonus point structure.
One of the factors that has the biggest affect on score is utilization, so for that reason I try and stay between 10%-20%
most often even much less and I only carry a balance on my 0% apr card for 16 months.
I have a few purchases that I would like to make on my 0% card but this will make my utilization for that card around
30% buy only for 2 weeks, to which it will go back to about 15% after that.
Will this cause a significant or any decrease in my score? My history isn't that long and I will likely be applying for a mortgage a little over a year from now.
Lastly, would opening another card in about 6 months from now have a significant negative impact on my score?